Meteor's FTSE 100 hybrid

Hybrid with a sting in the tail


This is a six-year product linked to the FTSE 100 index that offers a potential income stream if the index is above 65% of its initial level on each annual observation date. The inclusion of an autocall feature means the plan will kick out if the index is equal to or higher than its initial level on those dates. Capital is not protected at maturity if the index breaches the barrier of 50% during the investment term and fails to recover to at least its initial level at maturity. The product pa